One of the major components of7 the7 financial7 markets are the securities markets7 of7
the7world. An efficient market is an indicator of market prices reflecting available information …

Bonds are safer than0stocks, 0they offer a low return. Therefore, when0stocks go up in
regard, bonds0go0down. One of the underlying arguments behind the Fed Model is that …

The study examines the day of the week effect on average stock returns and compares the
daily price volatilities in emerging and frontier markets in Africa. The study focuses on eight …

This research project aimed at investigating presence of January effect on stock returns on
the various sectors at the Nairobi Securities Exchange in order to address a methodological …

Traditional finance theory postulates that investors are rational, in the sense that they
correctly update their beliefs when new information is available. These assumptions of …

This study aimed to determine the effect of the day of the week effect on stock returns at the
NSE so as to address the methodological gap identified of inconsistent results reported by …

This research studied January effect on the returns of neglected firms with a motive of
identifying the relationship between January effect and neglected firm effect. The objectives …

This chapter highlights the existing literature on seasonal effect on stock market returns. The
chapter comprises of the theoretical background, the determinants of stock market returns …

Stock market anomalies are deviations from norms in the asset pricing models. They reveal
the inefficiencies which exists in the financial markets around the globe. They reveal the …